Super Spender-Chapter 336 - 330: This is Pure Madness (Part 1)
Chapter 336: Chapter 330: This is Pure Madness (Part 1)
Translator: 549690339
“Well, President Chan, I want to buy shares in a company owned by the bank, and I’m flexible about the price. Can we discuss this?” Finn Lewis straightforwardly proposed, leaving Mr. M and Duncan momentarily perplexed about what Finn was planning.
“Uh? Company shares owned by the bank? Which one?” Matthew Chan was stunned. He wanted to say that such a decision was beyond his purview, as he was merely a branch manager of the bank. Even a CEO of the bank would not be able to make such a decision, it would require a board meeting.
“South California Standard Chartered Bank,” Finn Lewis revealed his goal.
Upon hearing this, everyone in the room was momentarily taken aback. Mr. M was first confused, then had an epiphany, followed by speechlessness. He looked at Finn with an expression that signified a loss for words.
South California Standard Chartered Bank, initially called Standard Chartered
Bank, had 37% of its shares sold to the South California Standard Chartered Bank, after which it severed ties with the original bank. Last year, up until the beginning of this year, the bank purchased 20% of the shares in South California Standard Chartered Bank.
If it were anyone else, it would be unclear what Finn was up to. However, Mr. M quickly understood, knowing some inside information. The bank holds 20% of South California Standard Chartered Bank shares, which in turn owns a company called Naspers Limited, the largest media group in South California.
Naspers Limited has a controlling stake in its subsidiary, MIH Investment Group, which owns 33.63% of Company T. Simplifying it, it’s a roundabout course that ultimately comes back to the start. But Finn’s investment plan certainly has a wide-reaching scope.
As soon as Finn mentioned this Company, Mr. M was aware of his intention: if
MIH couldn’t be handled directly, then resolve it from the source. After all, MIH is a controlling group of Naspers Limited, and South California Standard Chartered Bank is the largest shareholder of Naspers Limited.
Although it does not have a controlling stake, it’s not far from it. Naspers Limited is a listed company, and it’s straightforward to influence it by simply purchasing some shares from the stock market.
However, while Mr. M had guessed what Finn wanted, he did not expect Finn to take such drastic measures!
Finn did not get the answer he had hoped from Matthew Chan, but he didn’t care. After leaving Company T, news that MIH had refused to sell the 6% stake held by Company T was all over the news, and it was confirmed by many. The media in the Federation couldn’t wait to relish this tidbit. After all, such a huge acquisition amounting to nearly a Federation coin billion worth deal was a blockbuster.
However, upon leaving Company T, Finn directly asked Zero about the matter: “Can I use the power of your foundation?”
Two hours later, it took a cost of 10,000 points for Finn to reach an agreement with Zero. After reaching the agreement with Zero, Finn received a call from Matthew Chan: “Mr. Lewis, I apologize, after all, as you know, the bank is not a
private bank. The majority of the shareholders are national investment departments. Therefore… such strategic issues might be hard to resolve.”
“Well, I understand. However, I want to borrow money.” Finn casually replied.
“How much do you want to borrow? It won’t be a problem!” Matthew Chan almost burst out laughing. Borrowing money was something he loved. The bank was very selective about who they lent money to, and with someone like Finn, they didn’t need to worry about getting their money back. Loaning money was something banks loved to do.
“A 100 billion Federal coins,” Finn stated plainly.
“No problem!” Matthew Chan agreed quickly. 100 billion Federal coins were roughly over 600 billion Flame Nation coins, a small fraction of the bank’s assets. However, loans like this could yield high returns. Since the bank had many assets lying around without any investment opportunities, they were happy to loan out whatever they could.
“Well, I’m just letting you know now, I will also be borrowing 100 billion Federal coins each from Reeve Silver Group and Red Flower Bank. There are some movements I have planned, and I need their help,” Finn remarked decisively.
“Well, no problem.. But, Finn, what are you planning to do? Why don’t you tell me, at least? After all, our bank is a major shareholder in South California Standard Chartered Bank,” Matthew Chan hesitated before raising the question.
The bank needed to show sufficient respect for clients like Finn.
“I can handle it by myself, thank you,” Finn laughed and thanked him,
“However, regarding the funds, can they be transferred within three days?”
“They can be transferred by tomorrow,” Matthew Chan promptly replied. While it may seem slow for ordinary people, the speed at which funds are received in the case of an individual like Finn is quite rapid.
After hanging up with Matthew Chan, Finn promptly contacted Lawrence Rodger and Oscar Blair. They naturally had no objections to Finn’s loan, which could be arranged in a short period of time. However, Finn had a new request for them.
“It’s simple, just help me acquire the shares of a few companies,” Finn stated plainly. Since MIH is a wholly-owned subsidiary of Naspers Limited, acquiring Naspers Limited would suffice. Naspers Limited is listed on the LD Exchange.
At Finn’s words, both Oscar Blair and Lawrence Rodger were taken aback. However, they both followed recent news closely. In comparison to Finn’s former plan of buying shares in South California Standard Chartered Bank, his plan to begin the acquisition of Naspers Limited was much clearer.
Still, Oscar Blair and Lawrence Rodger were soon left speechless. Wasn’t Finn just trying to purchase Activision Blizzard? The detour he was making was quite roundabout. He even began acquiring Naspers Limited Media Group at this point – how far off course was he planning to take it? Neither Oscar Blair nor Lawrence Rodger could foresee that this was merely the start.
“It would be best if you begin to absorb Naspers Limited’s shares from the stock market within two days,” Finn advised coolly.
Both men agreed to Finn’s request, even though they did not understand why he said this. Although they presently serve Finn and can be considered his personal investment advisors, Finn is their boss. They were prepared to operate according to his instructions.
That evening, during the LD morning hours, Matthew Chan, who was sleeping at home, received a call from the bank’s head office, “What happened?” he asked, somewhat surprised.
“The LD stock market is experiencing severe fluctuations. Significant capital has started to flow into the LD stock market, and the LD index has dropped by 76 points.” A deputy governor of the bank reported the situation to Matthew
Chan..
